Is Starknet aligned with Ethereum, even though it's a non-EVM L2? That's actually a very good question! And it has a very good answer: Yes.
Here's the logic behind Starknet, Cairo, and choosing the non-EVM path:
Starknet operates as a layer atop Ethereum. So, there's L1 and L2, each serving different objectives.
Ethereum functions as the layer providing decentralization and security. What about scalability? For that you have L2.
Starknet, as an L2, was designed to expand Ethereum not only in throughput but also in the variety of use cases, ease of building, allowing creativity, optimizing UX, and lifting as many barriers as possible.
All of these are enabled by Cairo, native AA, and more💡
It's different than other L2s, and it's designed to expand Ethereum.
L1 provides its own advantages. If you want your L2 to provide innovative possibilities, it is not unreasonable to create an innovative infrastructure for it.
To sum it up:
Ethereum - L1 - Solidity - Security
Starknet - L2 - Cairo - Unlimited possibilities
Wow 🤯 @StarknetCC was incredible! 💫🪄 A Huge thanks to everyone who joined and made it such a memorable day.
Special shoutout to @StarknetFndn for making it all possible!🤩😎
Now that the news is out, we might as well tell you more!
Starknet is about each of you. Every user, builder and member of our community – existing and future – is a critical piece to building our network into the future of decentralisation for generations to come. The success of Starknet depends on this.
With that, we’re excited to share the next steps of our journey ahead together.
TLDR: We have plans to allocate over 1.8bn STRK tokens across multiple initiatives to drive the adoption and growth of the Starknet blockchain. The first is about to start soon.
1/ Provisions Committee & Initial Distribution of STRK
The Provisions Committee has been allocated 900M STRK for the fair, decentralised and transparent distribution of STRK over multiple programs and phases. The committee’s objective is to distribute ownership of the network’s native token and to reward past and future contributions by users and community members.
We’ve been working on the first phase of distributions for a while now and we are close to getting this over the line. There’ll be more formal communications on this soon.
2/ Network Rebates in STRK
Additionally, we’ve dedicated another 900M STRK to user rebates.
Planning for this initiative is currently underway and a new committee is being formed to oversee the distribution of STRK to reward users for their vital transactions on the network. This marks a bold step in valuing and empowering our user community by rebating them for their transaction fees on the network.
3/ On-Chain Incentives for DeFi
We’ve allocated an initial 50M STRK to explore the direct, indirect and retroactive incentivisation of activity on DeFi protocols by boosting liquidity, volume traded and general growth of the DeFi landscape on Starknet.
This is led by the DeFi Committee. They are nearing the end of their research phase and will move into execution and deployment in Q1 2024.
4/ And more!
Next week, we’ll be announcing an innovative new incentive mechanism for developers & dapps on the network. This is all we can reveal for now, stay tuned for our update next week.
* Eligibility to receive STRK tokens will be subject to terms & conditions.
"Elinora Phantomsong." This name reflects her mystical connection to phantoms and music. "Elinora" evokes a sense of elegance and depth. while "Phantomsong" portrays her ability to create and manipulate illusions using music and sound.
"Silvia Luminfey." This name reflects her flowing radiance and fairy-like mystical qualities. "Silvia" evokes a sense of elegance and natural beauty. while "Luminfey" describes her wondrous essence as a fusion of light and magic
"Arianna Dreamweaver." This name depicts her ability to weave magic between dreams and reality. while also embodying her elegance and mystical qualities. "Arianna" carries a magical resonance and fluidity. while "Dreamweaver" implies her manipulation of dreams and illusions
"Luminara Shadowglide." Her enchanting radiance and her ability to traverse the realm of shadows. "Luminara" refers to the unique iridescent glow on her skin. while "Shadowglide" portrays her ability to gracefully move between reality and dreamscape.
"Seraphina Starweaver." Her regal demeanor and her ability to weave magic in the astral realm. The name "Seraphina" carries angelic resonances. matching her captivating appearance and noble magical prowess. while "Starweaver" describes her mastery of celestial and cosmic energies
which corresponds to her luminosity and uniqueness, while "Starshine" hints at her affinity with the night sky and starlight, symbolizing her navigational and enlightening role.
Aurelia Starshine. She embodies the ethereal and radiant qualities of an elf, while exuding a sense of mystery and nobility that perfectly aligns with her magical attributes and connection to natural elements in the game. "Aurelia" signifies "golden"